Barrick to Spin Off North American Gold Assets Through IPO (3)

Barrick Mining Corp. plans to spin off its top North American gold assets in an initial public offering later this year as part of a strategic reset by the Canadian metals producer.

The company said Thursday it will sell a minority stake in the new North American unit and expects the IPO to be completed by late 2026. It also appointed interim boss Mark Hill as chief executive officer.

Shares in the miner fell as much as 6.7% on Thursday in New York, and traded near $44.54 at 11:00 a.m. local time.

The world’s No. 2 gold producer is pursuing ...